This year is on track to have the least amount of retail stores closing up shop in more than a decade, a huge improvement from the record number of closures last year, according to CoStar Group data.
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The Children’s Place will close 122 stores this year in order to have less than 25 percent of the chain’s revenue derived from mall-based locations.
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Tailor Brands Inc., which owns suit sellers Men’s Wearhouse and Jos. A. Bank, is closing hundreds of stores and drastically reducing its corporate workforce as the coronavirus pandemic continues to ravage the retail industry.
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Jewelry and accessories retailer Charming Charlie filed for Chapter 11 bankruptcy Thursday with plans to close all of its 261 stores in 38 states.
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